Sharp drops for AI stocks overwhelm markets worldwide as oil prices jump
AI stocks are dragging markets down worldwide. The S&P 500 sank 1.3% Thursday following even sharper losses in Asia, whose markets are full of AI and other technology stocks. The Nasdaq composite tumbled 2.4%, but stocks outside of tech held up better, and the Dow Jones Industrial Average fell a more modest 40 points, or 0.1%. AI stocks have been shaky on worries that their boom may be under threat because of high interest rates. Also weighing on markets was a jump in oil prices. Brent crude…
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